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Aussie shares close marginally higher

The Australian sharemarket closed slightly higher, in a major turnaround from the day before, as cautious investors were encouraged by better Chinese manufacturing data. At the close on Tuesday, th..

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TPG makes second bid for Billabong

Troubled surfwear retailer Billabong could join the list of Aussie companies falling into foreign hands after it received a second takeover bid from US private equity firm TPG. Billabong received t..

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RBA rate cuts may be on hold for now

The Reserve Bank of Australia (RBA) has indicated that any more cuts to the cash rate may not be forthcoming for the time being. RBA governor Glenn Stevens said that monetary policy settings were c..

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We should build on our luck: RBA

Australia is in a good position to avoid the global financial crisis and should continue to use its "lucky" position to shield against further economic shocks, the central bank governor says. Austr..

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Alesco books $13.9 million annual loss

Building products supplier Alesco Corporation predicts the tough times in the housing market will continue for the near term as it fends off a takeover offer from DuluxGroup. Alesco on Tuesday repo..

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Aussie shares flat at noon

The Australian sharemarket was down at noon as cautious investors awaited Chinese data and a speech by the Reserve Bank of Australia chief. At 1200 AEST on Tuesday, the benchmark S&P/ASX200 ind..

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Stocks to watch early on Tuesday

Stocks to watch on the Australian stock exchange early on Tuesday, July 24, 2012: ALS - ALESCO CORPORATION LTD - down one cent, or 0.49 per cent, at $2.03 DLX - DULUXGROUP LTD - down five cents,..

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